Near Protocol is a decentralized application platform secure and performant enough to put the power of Open Finance and the Open Web into the hands of everyday people.  Erik Trautman is the person who leads the Near Foundation.

Very recently, NEAR published that NEAR have reached a big new milestone.  They were thrilled to announcing that the validator vote is complete and NEAR is now fully permissionless, decentralized and community-governed.

NEAR have to state that they are here to help builders.  Developers will be able to create meaningful applications that has the ability to impact real lives by ensuring enough security to hold substantial value but at the same time easy to use like anything on the internet today.  They are also focusing to help developers market faster by making it easy to build, test and deploy applications. 

Recently, the validators on the NEAR Protocol token holders who have delegated the tokens voted to push the network into its final stage of MainNet.  This led to the transition to “Phase II.”  This transition to Phase II is considered very significant in the history of NEAR. 

Sydney Ifergan, the crypto expert tweeted:  “NEAR Protocol shifting to Phase II has clarified 3 things – permissionlessness, voting, and decentralization.”

The good thing is that NEAR is now ready to build on.  So, users can now use and get it to grow to its full potential.  Near Protocol is expected to show the potential to bridge the gap in to a truly Open Web.  They are set to explore lot of things like sharding, Ethereum Bridge, EVM and tooling.  They are also about empowering community leaders, funding, and governance.  There is something for everyone with the Near Protocol whether they are Developers, Token holders, entrepreneurs, or validators.

They are also looking for participation from “designers, product people, marketers, academics, sales people, investors, accountants and, yes, lawyers.”

NEAR Protocol (NEAR) Staking

Erik Trautman tweeted: “The keystone is in place: staking rewards are live on NEAR. Now you can earn with your tokens while you help secure the network. And at ~200M staked, it’s a >20% rate.”

A comprehensive guide about staking in the NEAR is already made available.

This is the time where all NEAR token holders are provided with the opportunity to earn staking rewards from the network.

For those who are new, the NEAR Protocol make use of the Proof-of-Stake (PoS) consensus to secure and validate transactions on the blockchain. This blockchain is powered by a decentralized network of validators, who are a community of operators who run the servers which is required to keep the network operational.